Nicobat is a nickel-copper-cobalt project in the Rainy River District in northwest Ontario, Canada.
Active mine development in region with excellent road and rail access, power, and water
Up to 2.6 wt% Ni and 0.17 wt% Cu above 100 metres depth in recent samples
Nickel tenor of 3-5 wt% Ni
Near surface mineral zone open at depth in potential feeder zone
Historical Work & Results
Historic work includes over 220 drill holes and metallurgical studies on numerous bulk samples between 1952 and 1972
Stratmat Ltd. reported a non-compliant historic resource of 6.35 million short tons
Chibtoen Copper Corporation reported a non-compliant historic resource of 5.3 million short tons grading 0.28% Cu, 0.24% Ni, including a mineral zone with 225,000 short tons grading 0.65% Cu, 0.87% Ni
In 2015, Crystal Lake Mining completed a 1,860 metre 10-hole drilling program that confirmed high-grade nickel-copper shoots do exist and are considerably better than previously recorded in the historical drilling
Drill hole A-04-15 intersected from surface to 63.75 meters a weighted average of 1.05% nickel and 2.18% copper
Of significance, the bottom 9.8 meters section averaged 1.92% Ni, 0.17% Cu, and 0.132% Co indicating that deep targets identified using a SGS geochemical survey may contain higher-grades
The magnetic signature of the Dobie Intrusion highlights the mineralized magnetic unit. The small western margin of the Dobie Intrusion has the form of a funnel-like embayment with a possible feeder underneath. N-S-trending magnetic high that maps a possible tail or embayment structure associated with the Dobie Intrusion.
There are 2 primary exploration targets at Nicobat:
1.Wider zones of higher grade mineralization in the roots of the breccia pipes (>150m depth)
2.Basal concentration of magmatic sulfides at base of the Dobie Intrusion
Future work at Nicobat will focus on drilling deeper at the EL1 claim with a $250,000 program:
1,500 metre drill program focused below the known breccia-hosted mineral zone based on our 3D model to intersect known and new mineralisation
Complete borehole EM surveys to identify highly conductive massive sulfides.
Follow-up drilling with a subsequent program for the best targets based on mineralization and/or EM anomalies